Educational app developer Byju's has raised funding from Tencent as part of a round reportedly sized at $40m that could value it at up to $800m.
Internet company Tencent has invested an undisclosed amount in India-based learning app developer Byju’s as part of a round reported by Times of India to be $40m in size.
The funding was provided at a valuation of about $750m according to TOI, and a source told TechCrunch the valuation was about $800m. TOI reported in March this year that investment firm Verlinvest had supplied $31m in funding for Byju’s at a valuation of about $690m.
Byju’s runs a platform that…
